Here's The Hourly Income You Need To Afford Rent Around The U.S., And It's Not Looking Good

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15. There's a reason a lot of people now are doubling, tripling, or even quadrupling up in their living

arrangements. Just to be able to afford to live.

I know of 4 people (two couples), that rent a 3 bedroom, 2.5 bathroom house for $4000 per month locally. That comes out to pretty much $1000 per person just for rent. They were able to wrangle a 2-year lease with the landlord, so that the price is stable for that time.

Each couple lives in a bedroom, and the 3rd bedroom is for their children, each couple has one child. The children share a bedroom (they are really young right now and both are boys).

Add in health insurance, car insurance, transportation (gas, etc.), food, utilities, etc. and that is easily another $1000 monthly each.

So, $2000 per month per person just to live "normally". Remember, that is just RENT. No home ownership or equity buildup. They are somewhat young right now (each couple is in their later 20's).

If one couple was to move away, it would be very difficult for the other couple to do anything. They would also have to leave and go to a much smaller place, or else try to replace those that left.